Thu. Aug 18th, 2022

The 264-276 Kings Way block was once a Flinkier’s Motors dealer.

Two more small investments in South Melbourne with the development upside down have hit the market.

In what is expected to be the most expensive deal, the Flinkier family sells a Kings Way block that stretches from Bank to Fitzpatrick streets.

The seller operated a car yard from the 696 square meter area for a decade until 2007.

Fortis proposes an 18-tower tower on a 297-square-foot Kings Way block it acquired for $ 5.05 million in April.

Recently, it has been a buy-through cafe that turned Thirsty Camel; it returns an annual rent of $ 250,000 on a lease that expires next year – or 2025, if the bottle trade takes advantage of its latest renewal.

Any redevelopment of mixed-use zoning would block north-facing views of four-story terraces developed in 2018 by Gurner in the southwest corner of Kings Way and Fitzpatrick St.

Colliers’ Daniel Wolman, Tom Isaksson, Leon Ma and Oliver Hay are the agents.

The guide is $ 5.5- $ 6 million.

Meanwhile, near the top of Clarendon Street, one of two buildings occupied by Total Tools for years is also for sale.

The hardware group could be a suitor for the 327 sqm package at # 174-180 — in 2016, it paid $ 5.985 million. Or $ 2 million. Above guide to the neighboring property (# 182-188, of 416 sqm).

Other potential residents as well as investors and developers are also expected to look in (the story continues below).

The commercial 1 zoned Clarendon Street area spreads 327 square feet.

The same agents have the list.

“Despite, and perhaps in some ways because of, the challenges of the last year and a half, we are seeing momentum in the urban market when it comes to demand for office assets,” Isaksson said.

“Clarendon St is a unique and close-knit inner city … moments away from the Melbourne CBD, surrounded by unique lifestyles including popular cafes, restaurants, gyms, shops and public transport,” he added.

“The site benefits from a flexible commercial 1 zoning, which means it can be unlocked for higher order boutique development down the track”.

The listings come every fortnight since we reported that former Piping Hot owner Mark Johannsen sold an ex-Guides Victoria office at 101-105 Clarke St, on the northeast corner of Ross Place.

The asset – incidentally also marketed by Colliers – is expected to sell for around $ 10 million.

In April, Fortis outsourced $ 5.05 million to a 297-square-foot triangular site at 313-317 Kings Way.

Also this year, the developer spent $ 12 million. On an 850 sqm commercial 2 zoned block at 34-40 Eastern Road, South Melbourne.

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